Agriculture loan

Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.

PL0002040

Goal
42,631 €
Raised
26,987 €
63%
Return rate
up to 16.2%
Rating
B
Period
48
Time left
LTV
69%
Country
Poland
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Paweł Cilsdorf Sypniewo 7, 64-830 Margonin
header_1 Declared Owned
Farming land 125.00 ha 19.00 ha
20222021
Revenue 331,592.00 € 140,006.00 €
Net profit - -
Equity ratio - -
Total value of pledged assets

61,828.00 €

Land Agricultural land 18.00 ha 61,828.00 € Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Other Personal liability - -
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
PL0002040 42,631.00 € 42,631.00 € 0.00 € Raising
PL0001931 42,631.00 € 42,631.00 € 0.00 € Fully funded
PL0002007 42,631.00 € 42,631.00 € 0.00 € Fully funded

Loan calculator

Pick one of the suggested or type in your own amount to see interest rate and preliminary earnings.
Interest

14.1%

Preliminary earnings

0.00 €

Important:
The calculator provided is preliminary, and the projected earnings are determined based on the preliminary principal repayment schedule.
Interest rates:
Investing from 100 € - 14.1% Investing from 500 € - 14.8% Investing from 1,000 € - 15.1% Investing from 2,000 € - 15.6% Investing from 5,000 € - 15.8% Investing from 10,000 € - 16.2%
Project description
Documents
Payment schedule
The farmer took over the 19ha farm and 15 dairy cows from his parents in 2011. Since then he has successively expanded his farm with leases and at the moment it amounts to 125ha of which he owns 19ha. 50ha of these leases belong to the KOWR and are 2nd and 3rd class lands to which he has a right of first purchase, and at the end of the lease in 2028 they are to be purchased by him. 

He works on the farm independently and it is mainly focused on dairy farming and grain cultivation. At this point, his sowing structure consists of 32ha of wheat, 45ha of corn for silage, and the rest is alfalfa and grasses. Its breeding is thriving and at the moment consists of 115 dairy cows and 70 heifers. The cows are milked by Lely Astronaut robots for which a grant from the 2014 -2020 provincial government was used. The barn he built with his own efforts has an area of 36/44, and it's safe to say that it meets modern standards, with 140 stalls for milking cows. 

Currently, the yield per head is achieved at 25-27l of milk the farmer would like to invest in production to reach the level of 32-35l of milk per cow per day. 

The farmer on the farm uses machinery such as:  

Massey Ferguson 5611 tractor (2014)
2 carousel rake
tedder
FENDT baler
2x PRONAR trailers 
all of which he purchased in 2015 from a grant he received for €100k. 


In plans for the near future, the farmer has submitted applications for new technologies, the purchase of robots for cleaning the barn - 80% subsidy, and for the construction of a slurry tank with a capacity of 1000m3 with all the infrastructure from the water protection program 50% subsidy. The main goal is to increase milk production from 5000l today every 2 days to 7500-8000l every 2 days (every delivery). Simplified tillage is used on the farm and he uses service providers for this purpose. 

The loan funds are to be used to refinance a less favourable commitment at another institution and to buy milk cows. This is the third loan on a bigger financing consisting of 3 financings, which will be secured by the same piece of land.

Project risks

For this project, there is a risk of losing all the profits made and the funds invested.

In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.

Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.

Additional information:

If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.